- Significant Value-Add Opportunity
- Offered at an Attractive Basis
- Millions in Recent Capital Improvements
- Convenient Access to Major St. Louis Employers
- Great Mix of Unit Types – Appealing to All Renter Profiles
- 204 Units Provides the Ability to Immediately Obtain Critical Mass
- Offered Free and Clear of Existing Debt
Significant Value-Add Opportunity
The Regency & The Reserve offer the opportunity for significant asset improvement with continued unit, exterior, and common area renovations and modernizations. A new investor can enter at an attractive basis, continue the value-add upgrades that the current ownership group has already completed and proven out, and stabilize operations to substantially increase revenue.
Offered at an Attractive Basis
The Portfolio is being offered at a highly attractive basis relative to similar stabilized assets in the St. Louis market. The assets can be acquired well under their current replacement cost, providing a new investor with a safe investment with significant immediate and long-term upside.
Millions in Recent Capital Improvements
Current ownership has invested millions into the Portfolio in order to stabilize the two assets and tee them up for a new investor to focus on revenue-increasing unit/amenity upgrades. Recent capital improvements include significant electrical upgrades, LED lighting, upgrades to the elevator at The Regency, common area and amenity renovations, parking lot seal/stripes, HVAC replacements, grounds work, and substantial unit upgrades at both assets.
